`HYBRID' FIRM BUYS, SERVICES CARD CHARGE-OFFS.(First Financial Asset Management Inc.)(Brief article)

Debt buyer and receivables manager First Financial Asset Management Inc. projects it will acquire about $2.5 billion in fresh charged off accounts this year, 80% of which will represent credit card and other consumer loans, Matthew Maloney, the company's senior vice president, tells CardLine sister publication CCRNewsline. First Financial, a hybrid company that purchases receivables and directly services them for credit card issuers such as HSBC, has one of …